Everybody is so understandably shocked by Banjo & Kazooie making it to Smash Bros that they may have missed the OTHER collaboration between Microsoft and Nintendo that also involves a cartoony character from a 3D Platformer:

New Super Lucky's Tale is the Nintendo Switch version of the second game starring the cute little fox hero named Lucky. The original game, Super Lucky, was a vr game exclussive to the Oculus Rift.

I haven't been able to play any of the games but they clearly aim to capture the spirit of Nintendo 64 3D platformers like Super Mario 64 and Banjo Kazooie. You could say this game and Yooka-Laylee have been allies in the quest of bringing back 3d Platformers to the modern world, and now more people will be able to enjoy this one!